Interest rate increases bite, leading to deeper recession

Published on: Jan 11, 2023

With interest rates increasing, inflation slowing and the Canadian economy entering a recession in addition to the US and Europe, this quarters outlook looks at the factors supporting the negative turn in sentiment. The economic outlook remains clouded in uncertainty. The biggest risk to the outlook is that past interest rate increases may be more impactful than anticipated, leading to a deeper and more protracted global downturn. Scenario analysis that accounts for upside and downside risk to the economic outlook allows companies to assess how revenues and profits could change under different circumstances.


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